Shede Spirits Co., Ltd.

XSSC:600702 Stock Report

Market Cap: CN¥25.3b

Shede Spirits Valuation

Is 600702 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 600702 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600702 (CN¥76.47) is trading below our estimate of fair value (CN¥161.29)

Significantly Below Fair Value: 600702 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600702?

Key metric: As 600702 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 600702. This is calculated by dividing 600702's market cap by their current earnings.
What is 600702's PE Ratio?
PE Ratio22.1x
EarningsCN¥1.15b
Market CapCN¥25.28b

Price to Earnings Ratio vs Peers

How does 600702's PE Ratio compare to its peers?

The above table shows the PE ratio for 600702 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.8x
002568 Shanghai Bairun Investment Holding Group
36.3x16.2%CN¥26.1b
603589 Anhui Kouzi Distillery
15x8.2%CN¥25.2b
600559 Hebei Hengshui Laobaigan Liquor
24.9x20.9%CN¥20.0b
600779 Sichuan SwellfunLtd
19.3x9.9%CN¥26.4b
600702 Shede Spirits
22.1x10.9%CN¥25.3b

Price-To-Earnings vs Peers: 600702 is good value based on its Price-To-Earnings Ratio (22.1x) compared to the peer average (23.8x).

Price to Earnings Ratio vs Industry

How does 600702's PE Ratio compare vs other companies in the CN Beverage Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
600702 22.1xIndustry Avg. 24.0xNo. of Companies7PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 600702 is good value based on its Price-To-Earnings Ratio (22.1x) compared to the CN Beverage industry average (24x).

Price to Earnings Ratio vs Fair Ratio

What is 600702's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

600702 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22.1x
Fair PE Ratio22.5x

Price-To-Earnings vs Fair Ratio: 600702 is good value based on its Price-To-Earnings Ratio (22.1x) compared to the estimated Fair Price-To-Earnings Ratio (22.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 600702 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥76.47
CN¥71.41
-6.6%
15.6%CN¥82.55CN¥53.00n/a4
Nov ’25CN¥65.73
CN¥79.66
+21.2%
25.7%CN¥110.00CN¥53.00n/a4
Oct ’25CN¥59.87
CN¥75.75
+26.5%
32.5%CN¥110.00CN¥53.00n/a3
Sep ’25CN¥44.20
CN¥75.75
+71.4%
32.5%CN¥110.00CN¥53.00n/a3
Aug ’25CN¥54.02
CN¥104.41
+93.3%
8.4%CN¥111.24CN¥92.00n/a3
Jul ’25CN¥56.67
CN¥104.41
+84.2%
8.4%CN¥111.24CN¥92.00n/a3
Jun ’25CN¥72.00
CN¥119.70
+66.3%
23.0%CN¥165.57CN¥92.00n/a4
May ’25CN¥73.14
CN¥119.70
+63.7%
23.0%CN¥165.57CN¥92.00n/a4
Apr ’25CN¥80.40
CN¥130.29
+62.1%
16.1%CN¥165.57CN¥110.00n/a4
Mar ’25CN¥81.89
CN¥153.93
+88.0%
5.9%CN¥165.57CN¥145.00n/a4
Feb ’25CN¥80.50
CN¥153.93
+91.2%
5.9%CN¥165.57CN¥145.00n/a4
Jan ’25CN¥96.70
CN¥153.93
+59.2%
5.9%CN¥165.57CN¥145.00n/a4
Dec ’24CN¥100.00
CN¥168.15
+68.1%
17.6%CN¥225.00CN¥145.00n/a5
Nov ’24CN¥116.24
CN¥168.15
+44.7%
17.6%CN¥225.00CN¥145.00CN¥65.735
Oct ’24CN¥125.00
CN¥189.57
+51.7%
9.9%CN¥225.00CN¥170.00CN¥59.875
Sep ’24CN¥140.00
CN¥189.57
+35.4%
9.9%CN¥225.00CN¥170.00CN¥44.205
Aug ’24CN¥150.29
CN¥232.06
+54.4%
6.8%CN¥258.00CN¥213.00CN¥54.025
Jul ’24CN¥123.95
CN¥232.06
+87.2%
6.8%CN¥258.00CN¥213.00CN¥56.675
Jun ’24CN¥152.75
CN¥232.06
+51.9%
6.8%CN¥258.00CN¥213.00CN¥72.005
May ’24CN¥182.86
CN¥233.82
+27.9%
7.3%CN¥258.00CN¥213.00CN¥73.144
Apr ’24CN¥197.00
CN¥233.76
+18.7%
7.4%CN¥258.00CN¥213.00CN¥80.404
Mar ’24CN¥200.15
CN¥205.39
+2.6%
21.6%CN¥267.75CN¥168.42CN¥81.893
Feb ’24CN¥181.40
CN¥174.21
-4.0%
3.3%CN¥180.00CN¥168.42CN¥80.502
Jan ’24CN¥159.18
CN¥174.21
+9.4%
3.3%CN¥180.00CN¥168.42CN¥96.702
Dec ’23CN¥158.38
CN¥174.21
+10.0%
3.3%CN¥180.00CN¥168.42CN¥100.002
Nov ’23CN¥128.59
CN¥174.21
+35.5%
3.3%CN¥180.00CN¥168.42CN¥116.242

Analyst Forecast: Target price is lower than the current share price.

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